Under the terms of the agreement, Spirit Realty shareholders will receive will receive a fixed exchange ratio of 1.9048 CCPT II shares for each share of Spirit Realty common stock owned in cash for each share they own. The investigation is focused on the potential unfairness of the price to Spirit Realty shareholders and the process by which the Spirit Realty Board of Directors considered and approved the transaction.

If you are interested in discussing your rights as a Spirit Realty stockholder, with no obligation or cost to you, please contact U. Seth Ottensoser at:

Bernstein Liebhard LLP has pursued hundreds of securities, consumer and shareholder rights cases and recovered over $3 billion for its clients. It has been named to The National Law Journal's "Plaintiffs' Hot List" in each of the last ten years.

Bernstein Liebhard LLP10 East 40th Street New York, New York 10016(877) 779-1414 www.bernlieb.com